Three-Unit Multifamily
36 Nichols Street Lewiston, ME 04240
New
36 Nichols Street, Lewiston, ME, 04240
$469,000
For Sale
$469,000
MULTI_FAMILY - Lewiston, ME
Property Size3,999 SF
Lot Size0.13 Acres
Price / SF$117.28
Days on Market3
Property Features for 36 Nichols Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- NCB
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 2, Bathroom 1, Bathroom 3
- Pets allowed
- No
- Basement
- Full, Unfinished
- Standard status
- Active
- Size
- 3,999 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3540
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1920
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Carpet
- Building materials
- Wood Frame, Asbestos, Clapboard
- Roof type
- Flat
Listing Agency
Keller Williams Realty
(207) 879-9800
50 Sewall Street, Portland, ME
Listed by
Kevin Fletcher · License #BA903663
(207) 754-9311
Added: Jul 17 Checked: Jul 19 at 8:06 pm
MLS# 1672403
Listing URL
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit multifamily building is offered for sale as a residential income property. Each unit features a 3- to 4-bedroom, one-bath layout, with living space of nearly 1,300 square feet per unit as stated in the remarks. A detached garage is included, providing additional storage and potential for parking revenue.
The property is located at 36 Nichols Street in Lewiston, Maine, in a walkable area that offers tenants quick access to downtown amenities, parks, and schools per the listing remarks.
The lot size is listed as 0.13 acres, and the overall property size is listed as 3,999 square feet.
The property is located at 36 Nichols Street in Lewiston, Maine, in a walkable area that offers tenants quick access to downtown amenities, parks, and schools per the listing remarks.
The lot size is listed as 0.13 acres, and the overall property size is listed as 3,999 square feet.
Key Highlights
- 3‑unit multi‑family building with nearly 1,300 SF of living space per unit
- Each unit offers 3–4 bedrooms and 1 bathroom
- Detached garage provides extra storage or potential for additional parking revenue
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.1k | $14.28 |
| − Vacancy | −$760 | −$0.19 |
| EGI | $56.3k | $14.09 |
| − OpEx | −$16.9k | −$4.23 |
| NOI | $39.4k | $9.86 |
3,999 SF · lease $14.28/SF/yr · vacancy 1.33% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$563.5K
$493.0K – $657.4K
NOI $39,442 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$535.3K
$468.4K – $624.6K
NOI $37,474 @ 7.0% cap · market cap 7.99%
Theoretical Best
Warehouse
$7.10M
$6.21M – $8.29M
NOI $497,177 @ 7.0% cap · market cap 106.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit income property with 3–4 bedroom, one-bath layouts and a detached garage for extra storage or parking.
Where is this triplex located?
The property is located at 36 Nichols Street Lewiston, ME.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 3‑unit multi‑family building with nearly 1,300 SF of living space per unit; Each unit offers 3–4 bedrooms and 1 bathroom; Detached garage provides extra storage or potential for additional parking revenue
